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Year-in-review: Commercial real estate survives 2020 but future uncertain
While 2020 could have been a year that decimated commercial real estate, the office and retail sectors in Baton Rouge remain relatively healthy as the year comes to a close, though there’s plenty of uncertainty and some concern about what lies ahead.
Year-in-review: Single-family residential real estate exits 2020 on a roll
Amid low interest rates, the Baton Rouge area saw a healthy single-family residential real estate market throughout 2020, with the number of home sales and median sale prices rising year-over-year and inventory shrinking.
Baton Rouge investors buy 20 acres in Central
A group of Baton Rouge-area investors has purchased a 20.8-acre lot near Lovett Road and Central Thruway in Central.
Local developer buys nearly 200 acres off Burbank Drive
Developer Kevin Nguyen bought nearly 200 acres off Burbank Drive in a deal filed last week with the clerk of court.
Drakes Landing multifamily development greenlit for construction
Contractors have received the go-ahead to begin construction on Drakes Landing, the nearly 300,000-square-foot multifamily development planned for North Ardenwood Drive.
Citiscape at Essen Apartments sells to Texas group for nearly $48M
Irving, Texas-based The Medve Group has bought the 299-unit Citiscape at Essen Apartments community on Mancuso Lane, across the street from the Piccadilly on Essen Lane.
Runnels property changes hands; records show debts totaling nearly $6.5M
Roughly six months after the school closed, the Runnels School campus has changed hands, according to sales documents.
Lounge with rooftop bar planned downtown at former Hound Dogs site
A local investor has bought the former Hound Dogs bar on the corner of Main and Seventh streets and has plans to lease the building as a lounge with a rooftop bar.
Land for new multifamily development changes hands for $1.5M
A 26-acre tract on North Ardenwood Drive tapped as the spot for a new multifamily development has been sold to the project’s developers.
Yoga Rouge, Core Chiropractic open in Southdowns Shopping Center
The Southdowns Shopping Center has added two new tenants over the past month, while two of its existing tenants have moved into larger spaces within the Perkins Road retail center.
Baton Rouge Realtors change rules: No more ‘$10 and OVC’ allowed on the MLS
The Greater Baton Rouge Association of Realtors has updated its regulations to require brokers to record the actual sale price of property transactions in the Multiple Listing Service.
Chicken Shack owners planning new restaurant near LSU
Joe Delpit, owner of Chicken Shack, considered by many to be Baton Rouge’s longest running restaurant, received a permit late last week to begin construction on a new Highland Road restaurant.
Two more years, at least, needed to choose a location for new Mississippi River...
Don’t expect a new Mississippi River bridge in the Baton Rouge area anytime soon. That became clear today when consultants hired by the state for the planning of the project said it will be another two years before the public sees any proposals for the highly-anticipated bridge project.
Is Amazon deal at Cortana back on?
More than six months after Amazon’s plans to acquire the various parcels comprising the former Cortana Mall fell through, the high-stakes deal to redevelop the 1-million square foot site into a massive regional distribution center appears to still have life.
Williams Sonoma closing its Mall of Louisiana location
The Williams Sonoma location in the Mall of Louisiana is set to close on Jan. 31, store staff confirmed today.
Baton Rouge’s retail sector remains stable as pandemic wears on real estate
Given the financial pounding retailers have absorbed during COVID-19, it would seem the last place one would find a real estate commercial bright spot is in the retail sector.
DDD reclaiming 150 free parking spaces under I-10
In an effort to create additional safe parking areas at night in downtown, the Downtown Development District will reclaim and improve the free parking under Interstate 10.
Hollywood Casino rebranding to Casino Rouge
Hollywood Casino of Baton Rouge’s plan to move the gaming facility onto land includes rebranding the property to Casino Rouge, according to the casino’s...
Rezoning sought for long-vacant Coursey Boulevard restaurant space
The Planning Commission will consider a request to rezone a long-vacant restaurant space on Coursey Boulevard, near the Sherwood Forest Boulevard intersection.
Afton Oaks Apartments off Sherwood Forest sells for $23.5M
The Afton Oaks Apartments on Newcastle Avenue, off Sherwood Forest Boulevard, was sold to a Colorado-based investment and management group for $23.5 million.
